SC sets aside steel manufacturer’s tax liabilities worth P37.7&million
THE Supreme Court (SC) has canceled Prime Steel Mill, Inc.’s deficiency income tax liabilities worth P37.68 million inclusive of interest and penalties for 2005. In a 10-page decision made public on Dec. 16, 2022, the SC Third Division said the Bureau of Internal Revenue (BIR) prematurely filed the final tax assessment notice before the firm […]
Moderated by Tomas Kauer 
THE Supreme Court (SC) has canceled Prime Steel Mill, Inc.’s deficiency income tax liabilities worth P37.68 million inclusive of interest and penalties for 2005. In a 10-page decision made public on Dec. 16, 2022, the SC Third Division said the Bureau of Internal Revenue (BIR) prematurely filed the final tax assessment notice before the firm […]
